What level of education matters most for growth?: Evidence from Portugal
AbstractWe decompose annual average years of schooling series for Portugal into different schooling levels series. By estimating a number of vector autoregressions, we provide measures of aggregate and disaggregate economic growth impacts of different education levels. Increasing education at all levels except tertiary have a positive and significant effect on growth. Investment in education does not significantly crowd out physical investment and average years of schooling semi-elasticities have comparable magnitude across primary and secondary levels.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics of Education Review.
Volume (Year): 28 (2009)
Issue (Month): 1 (February)
Contact details of provider:
Web page: http://www.elsevier.com/locate/econedurev
Economic impact Economic development Human capital Productivity;
Other versions of this item:
- Miguel St. Aubyn & João Pereira, 2004. "What Level of Education Matters Most for Growth? Evidence from Portugal," Working Papers Department of Economics 2004/13, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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